Global Specialty Alumina Market Drivers 2024, Forecast To 2033
8 Mar, 2024
The specialty alumina market has shown steady growth, increasing from $2.76 billion in 2023 to $2.87 billion in 2024, with a 3.9% CAGR. This growth is attributed to demand in the electronics sector and advancements in catalyst production. Predicted to grow to $3.31 billion in 2028, with a 3.6% CAGR, the market's expansion will be driven by demand in electric vehicles and biomedical applications. Major trends include product innovations and research investments.
Global Specialty Alumina Market Key Driver
Growth in the specialty alumina market is driven by the growing aerospace and defense industry's requirements. Aerospace and defense sectors rely on specialty alumina for its unique properties in manufacturing critical components. Notably, data from the Airspace Industries Association highlights consistent growth in the aerospace and defense industry, emphasizing its economic significance. This growing demand from the aerospace and defense sector is fueling growth in the specialty alumina market as manufacturers cater to industry-specific needs.
Get A Free Sample Of The Global Specialty Alumina Market ReportGlobal Specialty Alumina Market Segments
The specialty alumina market covered in this report is segmented –
1) Type:Standard Calcined Alumina, Tabular Alumina, White Fused Alumina, Medium Soda Calcined Alumina, Low Soda Alumina, Other Types
2) Application:Refractory Materials, Ceramics, Abrasives And Polishing, Catalyst, Other Applications
3) End-User Industry:Automotive, Aerospace, Chemicals, Industrial
By Geography: The countries covered in the specialty alumina market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the specialty alumina market in 2023. The regions covered in the specialty alumina market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Specialty Alumina Industry Players
Rio Tinto Group; Aluminum Corporation of China Limited; Hindalco Industries Limited; Norsk Hydro; Sumitomo Chemical Co Ltd.; Hongqiao; Rusal; Alcoa Corporation; Showa Denko; South 32; Emirates Global Aluminum; Nippon Light Metal Holdings Company Ltd.; JM Huber Corporation; National Aluminum Company Limited; BASF SE; Almatis GmbH; ALTEO; Nabaltec AG; PT Indonesia Chemical Alumina; AluChem; Silkem doo; MOTIM Electrocorundum Ltd.; Xinfa Group; Gujarat Credo Alumina Chemicals Pvt. Ltd.; Hangzhou Jinjiang Group
Get The Full Global Specialty Alumina Market ReportSpecialty Alumina Market Overview
Specialty alumina refers to high purity, engineered aluminum oxide materials produced with specific characteristics and properties to suit various industrial applications. Alumina is derived from bauxite ore through a refining process, and specialty alumina involves further processing and customization to meet specialized requirements.